Planned gifts create an opportunity for a donor to provide greater and lasting impact upon the lives of children and adults with disabilities. UCP of Greater Cleveland will work with donors individually regarding what type of gift will support their philanthropic goals. The following are a few ways you can provide support for UCP of Greater Cleveland and are not meant to be an exhaustive list of opportunities.
Gifts of Appreciated Securities
The transfer of stocks, bonds or mutual funds held for more than one year to UCP of Greater Cleveland can provide substantial tax benefits. Donors will receive an income tax deduction equal to the fair market value of the stock and may avoid paying capital gains taxes on the appreciated value of the stock.
Bequests
Including the agency in your will with a gift of a fixed cash amount or percentage of an estate remainder will act as a lasting legacy and tribute.
Life Insurance
Making UCP of Greater Cleveland the beneficiary of a life insurance policy that no longer serves a purpose due to changes in circumstance or the death of a beneficiary is a great way to support the agency’s mission.
Real Estate
The donation of real estate allows a property owner to claim income tax deduction based on the appraised value of the property. UCP of Greater Cleveland reserves the right to inspect and consider all potential gifts of real estate prior to transfer for potential legal and financial ramifications.
Gifts of Retirement Assets
UCP of Greater Cleveland can be named the primary or secondary beneficiary of a qualified retirement plan such as a 401k, 403b, IRA, etc. This can reduce or eliminate certain estate taxes and financial burden on heirs while supporting the future of UCP.
Other planned gift options such as charitable gift annuities, lead trusts, remainder trusts and the establishment of endowed funds may be available. Please contact Director of Development, Beth Lucas at (216) 791-8363, ext. 227 to discuss your options.
The information provided is not meant to be legal or financial advisement. UCP of Greater Cleveland recommends you contact your financial advisor to determine the best avenue for you.
